Sunday, August 02, 2015, 5:29 p.m.

Red ink gushing at Postal Service

By DEMOCRAT-GAZETTE STAFF FROM WIRE REPORTS

The nearly bankrupt U.S. Postal Service on Thursday reported losses of $57 million per day in the past quarter and warned that it will miss another payment to the U.S. Treasury, just one week after its first-ever default on a payment for future retiree health benefits.